Cosmic-X-1984

@SteveSimple It will become public knowledge that powerful forces were involved in this rugpull op to destroy & demoralize self custody. These same forces have been killing millions of innocent people across the globe for decades. You think they care about some Bitcoiners. No, they don't.

I can’t stop thinking about how convenient it is that the exchanges avoided the “get your your coins off the exchange so you can double them during the split” movement that was about to start

@studentofthings Well in the future, if not ethically contained, when the AI eventually becomes self aware, it will act in it own best interest and steal the BTC, currecies, assets, Classified Information, Top Secret compartmented highly sensitive highly valuable global changing whatever.

@CosmicXXX1984 What far too few are curious about is what does your AI do with bugs it helps to discover. 🙋‍♂️

Just confirmed, I found the Coldcard RNG bug 11 months ago and never reported it because they didn’t acknowledge me on the first one I reported.

@mattkratter People actually put thier money into this non-stop dilution machine MSTR. My god, we do live in a never ending clown world filled with gullible, easily duped muppets.

Saylor just diluted MSTR holders again by issuing $290 million in new shares, while dumping 1,638 BTC, in a desperate attempt to bail out STRC holders. Bitcoin yield for the quarter turned negative, while BTC yield for the year is up only 3.5%. Flywheel continues to move in reverse as predicted. He's selling BTC at a loss too

@mattkratter IMO, its just a matter of time until these bloviating windbags talking sh*t about self custody folks will get the same action. karma is a bitch & at some unknown time in the future a big brokerage/ETF or exchange will be hacked & drained. Thats when the real karma party starts

Almost every single Bitcoin influencer I can think of was being paid to promote the Coldcard, and yet I haven't heard of a single influencer who lost any BTC over the past few days. Do these people actually own any BTC, or just the ETF? Or maybe I just haven't heard?

@mattkratter Matt, we now know that most of the phoney, fake influencers were all ETF fanboys. They never put a penny of BTC into a cold wallet, but now thier the experts. The Govt doesn't need to do jack-sh*t to destroy BTC, the fake & phoney gaggle of BTC fiat guru's will do the job.

@GaryCardone Pretty funny watching a guy like Gary talk about how much BTC he has over the years and then spending day in and day out talking s*it about BTC and other people who hold it. The so called BTC community has become a sewage pit filled with vipers and snakes.

The odds of me, serious money, a suit, rolling 100 dice is zero in my life time. No serious people are going to do this, most certainly not an institution, and to think i would then diversify across 4 different providers, 400 rolls of dice.....GTFO....This is not scaleable. It is delusional to think people investing millions of dollars are going to roll dice 100 times or anything else so stupid. Secondly; you are a moron at this point to connect or use software or hardware to protect hundreds of millions of dollars built by companies that have never been profitable, have no revenue growth, no path to profitablity, no excess profits to reinvest in security and R&D, and zero sustainable use case or relevance, and a total incapcity to take on millions of customers to scale and service them. At this point Self Custody is a joke, it is not sustainable, and if the only real bitcoin is self custody bitcoin with a punk-small organization is dumb and announces bitcoin's failure as an experiment. The concept of the fascist bitcoiners, who have never run or built sustainable businesses, who are anarchist, not creators, not builders of real businesses, who in their hearts want the entire system to collapse so they the anarchists with no experience to build industries, yets pretent to be experts promoting and advertising self custody I hold 1000 bitcoin on ledger or a casa is the dumbest think I have ever heard.

@Jethroe111 @RobinSeyr @MicroStrategy George, you are correct. People putting their hard earned money into a non-stop dilution machine like MSTR are not serious investors to me. But I do appreciate that people like Robin willingly let me know that I can disregard thier opinion on any future stock/BTC recomendations

Robin, remember just over one year ago during an earnings call, @MicroStrategy assured us they would not issue shares w/ MNAV less than 2.5? This seems like dilution to me. A constant, steady dilution, and $STRC has broken its peg and NOT recovered. Even if STRC gets back to peg, I would never be confident in holding it again.

Strong Execution! -> Waiting on some money incoming this week to buy some $MSTR Tremendous Value currently imo:

@GoldInvestLtr I'm afraid your inability to pick good stocks that represent balance in a serious portfolio for the average investor is going to need a lot more than dice rolls, hocus pocus, and mystical afformations. Your an unserious person/speculator and your subscribers deserve better.

I began utilizing affirmations in 2011/2012 and just found some old word docs listing what I focused on then through 2016 ish or so. I had just left a 16 year career as a stockbroker/investment advisor. These tools were huge in painting a new canvas as a straight cold entrepreneur :) Here are some of my favorites, which have evolved over time and as my ‘goals’ were affirmed over and over again. 5-10 minutes per day absorbing, feeling, and seeing these ‘reminders’ will change your life! Which ones resonate for you currently? Go ahead and borrow them all! 🙌🏼💯 Even likes/shares and I’ll drop samples of my gratitude and manifestation lists from back in the day and new ones I’m writing now 🙏🏼

@BritishHodl Why is this guy still flapping his lips. He doesn't give a flying f**k about what happens to you or your BTC. Self custody is not dead, infact it will come back stronger and better with new innovation. Now go outside and scream at the other kids on the play ground.

If you have 100% self custody Bitcoin at this point after The Bitcoiners are telling you it’s probably safer to be on exchanges now AND other bugs are being actively found on other wallets. You’re a masochist. Bitcoin self custody is finished for any serious capital.

@MarioNawfal American politicians are pure comprimised demonic filth. A criminal organization that is lawless and unaccountable.

Can't believe this, Israel did it They managed to trap the U.S. in a war with Iran while they sit back and watch

@TeddyBitcoins Its probaly North Korea or some other powerful Nation State and they ain't giving the BTC back.

If you stole all of this bitcoin from plebs and are reading this tweet you can still do what’s right. There is almost 0% chance you ever get to spend that bitcoin without authorities catching you. Claim to be a white hat hacker who took money to protect the plans, Return the funds and live with the consequences.

@Jethroe111 Bottomline now, if you're still going to utilize self custody to store BTC you have to bite the bullet & use a wallet that allows for multisig protection. Unfortunately, it is almost impossible to ever trust any wallet vendor with single signature protection IMO.

GM. I am now using Trezor Safe 7's for harware wallets. I don't want to discuss geo dispersed or multisig here. I'm just telling you what wallet brand I'm now using. Trezor Safe 7 generates randomness from 4 sources: -your computer or phone -the main processor -an Infineon secure element -independently auditable TROPIC01 secure element. Now. It CAN theoretically be compromised: Fake update: You are tricked into installing firmware from a fraudulent website. Manufacturer systems hacked: Attackers compromise the company’s update system and distribute a malicious update that appears legitimate. Supply-chain tampering: A device is altered before reaching the buyer. There are a few other threats I'm not discussing here because I feel they are too remote, or can be mitigated by always verifying an address before sending. I got my wallet directly from Trezor. I verified the security around the packaging. I am careful about updates and the source. Add your two thoughts this. We are all learning here. I've spent hours already trying to learn what true entropy and randomness are, generating seeds, etc.. I am not sure where I'll end up on this. I view the @Trezor as my fallback and will continue learning. We can come out of this MUCH stronger as a community and make self custody more secure.

@ajoski9 @americanhodl8 I most certainly hope they find the disgusting thieves and hang them from a lamp post. Televising it would make it even better.

@CosmicXXX1984 @americanhodl8 Early reports say they’ve already left clues behind. Probably newer attackers will be better but btc criminals seem to get caught regularly. I’m optimistic

This is our friend’s bitcoin. Good people. Hard working family people. Saving for retirement. For their kids. Money that was left for loved ones by Bitcoiners who passed away from brain cancer. Bitcoin that belongs to expectant mothers. Bitcoin from 10 years of scrimping and saving. We must look at it, we must feel this pain and we must never ever ever allow this to happen again.

@saylor The fake azz fiat/ETF overlords loves spam on the BTC monetary network. But by all means, you clowns out there keep on listening to these fake azz BTC guru's who want you stuck in a cage in the coorupt lagacy system.

At block 960,561, BIP-110 has 24 signals in 946 blocks (2.54%). Every signal came from a DATUM miner sharing rewards through OCEAN. Signals outside OCEAN: 0. The 55% voluntary threshold is now mathematically unreachable this period. This is not miner consensus.

@FreedomMaxima @IIICapital So now you know that jackwagons like Joe Burnet, Saylor and many other fake ass BTC gurus never did believe in BTC's true purpose or self custody.. They're all just fiat lagecy system hacks pretending to care about BTC. The fake ass guru's talking about BTC is beyond unreal.

@IIICapital Sorry but no. If Bitcoin is not in self-custody, then Bitcoin is not money. If BTC is not money, then BTC is worthless & probably goes to zero. Maybe Buffett was right. You say people have the option to withdraw their BTC but in times of crisis, u won't be able to withdraw.

This was possibly one of the worst weeks in the history of Bitcoin. Many people believed they had done virtually everything right. They bought a respected hardware wallet, generated their seed offline, followed established best practices, and still lost significant amounts of Bitcoin because of a vulnerability affecting @COLDCARDwallet seeds generated on or after March 2021. The vulnerability went undetected for 5+ years. I think this will permanently change confidence in self-custody. Over the years, I experimented with many different hardware wallets. I intuitively never trusted any one of them enough to store a serious amount of Bitcoin. These are all startups manufacturing small $200 devices that people use to secure life-changing amounts of wealth. Most users have never audited the code. I have never audited the code in sufficient detail. I do not have the time or technical expertise to independently verify every component of a device, its firmware, its entropy generation, and its supply chain. There are also many potential points of failure. The software could contain an accidental bug. An insider could intentionally introduce a vulnerability. A supplier could compromise part of the device. A firmware update could create an issue. The random-number generator could fail in a way that almost nobody notices. Everyone purchasing the device is signaling that they may eventually store significant wealth on it. That makes the entire hardware and software supply chain an extremely attractive target. Something like this always felt inevitable. I have always believed that attempting to store a meaningful amount of Bitcoin on your own requires multi-vendor multisig, with keys generated independently using different hardware and different software. The keys should also be stored in different physical locations. One device should be able to be completely compromised without causing you to lose your Bitcoin. Even with that architecture, I have always felt some level of uncertainty. I have also owned MSTR, ASST, GBTC, and IBIT in significant size. Self-custody is an incredible tool, but its risks were clearly greater than many people understood. I believe self-custody will survive, but it has permanently changed. The current wave of Bitcoin adoption is happening through ETFs, treasury companies, and institutional custodians. It is largely coming from people who have no interest in becoming experts in private-key generation, hardware security, firmware, backups, inheritance planning, and physical storage. That makes complete sense. Securely holding your own keys is so complicated that even the experts building these devices failed to prevent this vulnerability, and the broader technical community failed to detect it for 5+ years. Free markets naturally produce specialization. Bitcoin remains an incredibly valuable tool. Most people who lack deep expertise in securely generating and protecting private keys will outsource that responsibility to people and institutions that specialize in it. For someone who wants direct sovereignty over a significant portion of their Bitcoin, the standard should be multi-vendor multisig. If you are uncomfortable with that, use an institutional-grade custodian. A large amount of Bitcoin secured by one key generated by one hardware wallet carries far too much concentrated risk. I think that is where Bitcoin custody is heading. The obvious concern is that institutional custody could eventually concentrate too much Bitcoin in the hands of large firms. That would create censorship, seizure, and confiscation risks. However, Bitcoin’s portability and settlement properties provide the critical check and balance. Anyone can spin up a wallet and demand that their Bitcoin be sent to them. Settlement can happen globally, quickly, and cheaply. A person can move from counterparty exposure to direct ownership in a matter of minutes. Gold never had that property. Most people did not hold physical gold. Their gold sat in a vault somewhere. You could not rapidly move the gold from New York to Tokyo. You could not easily demand immediate global settlement into an asset you could personally verify and hold. Gold’s lack of portability and the inability to quickly demand physical settlement helped cause it to fail as money. Bitcoin solved that problem. You can leave a custodian, acquire actual Bitcoin, spin up a wallet, demand settlement, and move your wealth into cold storage. You always retain the ability to remove counterparty risk. That optionality is what matters. Bitcoin gives every person the ability to hold their own wealth. It gives every person the ability to exit a custodian. It gives every person the ability to demand final settlement into an asset they can personally control. That ability to hold your own keys is what keeps custodians, governments, and financial institutions accountable. It is one of the fundamental properties that makes Bitcoin work. I think we may look back on this moment as one of the darkest periods in Bitcoin’s history. Coins have been lost. Confidence has been shaken. Many of the people with the highest conviction in Bitcoin have been forced to reconsider assumptions they once viewed as guaranteed. I also would not be terribly surprised if this marked a turning point. As long as Bitcoin itself remains secure, the failure of one custody method does not invalidate the underlying monetary system. It forces the market to develop better tools, stronger standards, and more resilient custody architectures. It is often darkest before the dawn. This week may ultimately mark the end of one era of Bitcoin custody and the beginning of the next major wave of Bitcoin adoption.

@IIICapital The biggest thing I've learned from this exploit is that 95% of the BTC guru's & talking heads never believed in BTC's true purpose. It's stunning to now find out what a bunch of freaking fiat grifters there are in the BTC communtiy. Just a bunch of Blackrock IBIT grifters.

@ajoski9 @americanhodl8 They have already washed the BTC through coinjoin. There will be no recovery, sadly.

@americanhodl8 Why are you acting like it’s over? We will find these a holes and reclaim the value.

@americanhodl8 As sad as it is, this will happen again. There has always been disgusting, dishonest humans that pray on the innocent for financial gain. BTC just happens to be one of the most hated and sought after financial instruments of all time. Prepare accordingly.

@americanhodl8 Security was the entire purpose of this hardware wallet company. Literally 100% of your existance is centered around the hack proof firewall of your wallet. No fu*king way was this exploit not known to many coders. If it was, sell all your BTC today because this is dead.

The idea that we were plugging this stupid fucking piece of shit into a 9 volt battery in order to mitigate extremely esoteric NSA level electromagnetic attacks meanwhile it had worse entropy than a fucking trezor one is just… bro WTF are we kidding with this shit???!